It is known that the prosecution is investigating the whereabouts of Jeong Mo, a private operator of Wirye New Town, who is known to have handed 300 million won to former Seongnam Urban Development Corporation's planning division head, Dong-gyu Yoo (incarcerated).



According to the legal community today (6th), the investigation team in charge of the Seoul Central District Prosecutors' Office was scheduled to summon and investigate Mr. Jung on the charge of handing 300 million won to Yoo to the former general manager for the convenience of the Wirye new town development project, but it is known that contact has not been reached.



Some say that Jung has already left abroad, like lawyer Nam Wook, who owns No. 4 Cheonhwa-dong, who left for the United States.



Mr. Jung, the major shareholder of Wirye Asset Management, is a person who carried out the Wirye New Town development project with lawyer Nam and accountant Jeong Young-hak, who are key figures in the Daejang-dong development lobby and preferential case.



In particular, it is known that Mr. Jung helped Attorney Nam turn his property into cash through Cheonhwa-dongin No. 4 before leaving for the United States.



Attorney Nam transferred about 20% of his stake in Cheonhwa-dongin No. 4, which he owns 100%, to a consulting firm, Bomden, which Jung owns, for 4 billion won.



Conversely, Cheonhwa-dongin No. 4 holds a 21% stake in Bomden.



In this way, the capital market industry explains that corporations hold each other's shares as a way for large shareholders to cash out the money tied to the corporation.



It is a work of legally extracting money from the company by buying each of the other corporations the shares held by the major shareholders.



Jung is also known to have argued with lawyer Nam and accountant Jung over the distribution of 15 billion won in profits secured through the Wirye New Town project.



In fact, Mr. Jung's corporation has filed a lawsuit against Cheonhwa Dongin No. 5, which is owned by Accountant Jeong, in July to pay a contract of 3 billion won.



In the transcript file submitted by Accountant Jeong to the prosecution, there is also a story that Mr. Jung requested 15 billion won from Hwacheon Daeyu under the pretext of exposing his close relationship with Yoo, and that he had already exceeded 12 billion won to prevent this. passed on.